Duplex Residential Income
For Sale
$825,000
145 MC GUINNESS Boulevard DPX1, Brooklyn, NY 11222
Two-level condominium residence with upgraded interiors, a private lower entrance, shared storage, and access to a rooftop terrace.
Property Size765 SF
Days on Market22
Property Features for 145 MC GUINNESS Boulevard DPX1
General Information
Standard status
Active
Size
765 SF
Elevators
Yes
Property subtype
Duplex
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
elevator
rooftop terrace
shared storage unit
Building Details
Building Size
765 SF
Year Built
2003
Listing Agency:
Serhant
Listed By:
Pavel Kuritsyn
(347) 397-9556
Source:
Serhant
Added: Aug 18
Changed: Sep 6
Last Checked: Sep 8 at 10:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Serhant
Investment Insights
Based on property information with market context.
This two-level condominium residence provides 765 square feet with a flexible layout across upper and lower floors. The main level combines living, dining, and kitchen areas, along with one bedroom and one full bathroom. Hardwood flooring, central HVAC with Nest thermostats, tilt-and-turn windows, stainless steel appliances, custom cabinetry, and a stacked washer and dryer are included. The lower level has a separate entrance and a renovated powder room, creating adaptable space for office, studio, gym, sleeping, or media use. Shared storage is also included.
The property is located at 145 McGuinness Boulevard in Brooklyn’s Greenpoint area. The condominium building was completed in 2003 and includes an elevator and rooftop terrace. Manhattan Avenue, Franklin Street, McCarren Park, Msgr. McGolrick Park, Bushwick Inlet Park, Williamsburg, and the McCarren Park Greenmarket are nearby. Transportation options include local buses, the G subway line, and the NYC Ferry.
The property is located at 145 McGuinness Boulevard in Brooklyn’s Greenpoint area. The condominium building was completed in 2003 and includes an elevator and rooftop terrace. Manhattan Avenue, Franklin Street, McCarren Park, Msgr. McGolrick Park, Bushwick Inlet Park, Williamsburg, and the McCarren Park Greenmarket are nearby. Transportation options include local buses, the G subway line, and the NYC Ferry.
Key Highlights
- 765‑square‑foot two‑level condominium residence
- Flexible lower level with separate entrance and renovated powder room
- Central HVAC with Nest thermostats and brand new tilt‑and‑turn windows
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,355
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$467,100
$467.1K
Cap Rate 7%
$333,643
$333.6K
Cap Rate 9%
$259,500
$259.5K
Market Conditions
NOI Build-Up for 765 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.3K $56.64/SF
− Vacancy
−$867 −$1.13/SF
EGI
$42.5K $55.51/SF
− OpEx
−$19.1K −$24.98/SF
NOI
$23.4K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$467,100
Cap Rate 7%
$333,643
Cap Rate 9%
$259,500
Alternative Uses
Best Use
Apartment 5plus
$333.6K
$291.9K – $389.3K
NOI $23,355 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$633.4K
$554.2K – $739.0K
NOI $44,339 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,597
Businesses Nearby
Explore this area
Business Placement
Demographics for 11222, NY
41,957
Population
21,917
Households
1.9
Avg Household Size
35
Median Age
65%
College-Educated
94%
High-School Grad
1.5 sq mi
ZIP Area
27,971
Density / Sq Mi
$123,963
Median Household Income
$74,237
Median Earnings
$2,595
Median Rent
$1,245,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level condominium residence with upgraded interiors, a private lower entrance, shared storage, and access to a rooftop terrace.
Where is this residential income property located?
The property is located at 145 MC GUINNESS Boulevard DPX1 Brooklyn, NY.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 765‑square‑foot two‑level condominium residence; Flexible lower level with separate entrance and renovated powder room; Central HVAC with Nest thermostats and brand new tilt‑and‑turn windows
